economic bailout Quotes

I think the bailouts in 2008 were wrong.

The Treasury's plan has little for those outside of the financial industry. It is aimed at rescuing the same financial institutions that created this crisis with the sloppy underwriting and reckless disregard for the risk they were creating, taking or passing on to others.

We cannot allow American taxpayers to foot the bill for tax revenue grabs in Europe and elsewhere.

Trillions of dollars are being spent in the name of 'saving' the economy: bailouts, 'stimulus,' omnibus spending bills, budgets, government takeovers of the auto, health care and energy industries, all of which require ever more spending.

Our country is at peace, but the stakes are as high as if we were at war – a war waged not with battleships, guns and planes but with words and money. Its foot soldiers, in a sense, are the lines of the unemployed, the pensioners crowding outside banks; cars queuing at gas stations are a crippled cavalry; generals are the finance ministers who lob proposals at one another with the aggression of those who will not suffer the consequences. All are caught up in a five-year campaign in which Greece has struggled to meet the terms of the biggest bailout in history....

I think that the real tragedy of Greece - aside of the savagery of European bureaucracy, Brussels bureaucracy and northern banks, which was really savage - is that the Greek crisis didn't have to erupt. It could have been taken care of pretty easily at the very beginning. But it happened and Syriza came into office with a declared commitment to combat it, and in fact as I recall they actually called a referendum, which horrified Europe.

Every sensible banker understands that Greece should not have received any more money: a bankrupt state that can never be expected to repay loans is not a good debtor.

We should not be borrowing money from the Chinese to bail out the Greeks. What's coming next? Intergalactic bailouts?

It was very important for us to hear that both European governments and the IMF are going to sustain and augment their commitment to Greece because they don't pursue the debt reduction route. They're actually extending more debt, more loans to Greece.

I dont know of one group of people thats more disliked than politicians -- it may be the folks who gave us the Wall Street bailout. And thats where Mitt Romney comes from.

We're still promoting stupid wasteful behavior in agribusiness - everything from ethanol production for cars to genetically modified crops. In commerce just about everything we do politically is in the service of WalMart and the systems tied to it. In transportation, we could, for instance, have compelled General Motors to produce railroad rolling stock as a condition of their bail-out, but we didn't do that. Instead, we're chasing the phantom of electric cars - and, believe me, we are going to be mortally disappointed how that works out.

Most of us are aware of the sacrificial slaughter of Bear Sterns. Some people call it a bailout, but I call it a handout - a government handout to some of the richest people on Earth, paid for by American taxpayers.

Four hundred obscenely wealthy individuals, 400 little Mubaraks - most of whom benefited in some way from the multi-trillion-dollar taxpayer bailout of 2008 - now have more cash, stock and property than the assets of 155 million Americans combined.

Trillion-dollar bailouts, bloated budgets, and boondoggle spending packages aren't working, at least for my friends and neighbors.

If the 'Athens Spring' - when the Greek people courageously rejected the catastrophic austerity conditions of the previous bailouts - has one lesson to teach, it is that Greece will recover only when the European Union makes the transition from 'We the states' to 'We the European people.'

Much of what Germany and France have done in the rescue of Greece has also helped German and French banks, who for a long time were major creditors for Greece and Greek banks.

I think any time you couple the term "Wall Street" with "bailout" or something like that, you know - I don't like what's going on in Wall Street.

The Chrysler bailout is a basic challenge to the philosophy of America.

I don't know if a government bailout will rescue America's auto industry, but I do know that if there is a bailout, it better come with a big, bright stop sign and lots of strings attached.

The Great Bailout is mostly over for the banks. But for those troubled behemoths of the nation's housing bust, Fannie Mae and Freddie Mac, the lifeline from Washington just keeps getting longer.

I'm trying to sum up President Obama's first 11 months in office. He gave billions to Wall Street, cracked down on illegal immigrants getting health care, and he's sending 30,000 more troops to Afghanistan. You know something, he may go down in history as our greatest Republican president ever.

I supported some very, very objectionable things in terms of bailouts or rescues, but I did it not for Wall Street, but for the American people.

The US is not a superpower. The US is a financially dependent country that foreign lenders can close down at will. Washington still hasn’t learned this. American hubris can lead the administration and Congress into a bailout solution that the rest of the world, which has to finance it, might not accept.

Greece, alone, is in a very vulnerable position. If the Greeks had had support from progressive left and popular forces elsewhere in Europe they might have been able to resist the demands of the Troika, but they had almost no support. Not even from Portugal, Spain, or other left forces. They were left alone.